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Revised November 2009

Be an owner

The Associate Stock Purchase Plan

Its easy to participate: 1. Decide how much Walmart stock you would like to purchase 2. Enroll 3. Get the matching contribution from Walmart (up to the first $1,800)
Walmart wants to make sure you have the information you need to decide whats right for you. Keep reading to learn more.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

The Associate Stock Purchase Plan


The Associate Stock Purchase Plan allows you to buy Walmart stock through easy payroll deductions. Its a great way for you to purchase shares and be an owner in the company. Sam Walton believed in treating associates like partners and owning stock is a great way for an associate to hold a stake in the future of Walmart.

Get paid to save


Walmart matches 15 cents for every dollar you contribute through payroll deductions up to the first $1,800 each plan year. If youre paid biweekly, you can deduct $2 to $1,000 from your paycheck to buy stock. If you are paid weekly, you can deduct $1 to $500 from your paycheck to buy stock.

Who can participate?


All Wal-Mart Stores, Inc. associates can participate in the Associate Stock Purchase Plan.

How much stock can you buy?


During the Plan year, associates may purchase up to $1,000 in biweekly stock purchases or $500 in weekly stock purchases (up to the Plan year maximum). There is a minimum payroll deduction amount of $2 per pay period (or $1 per weekly pay period). You can also purchase stock directly from Computershare, our Associate Stock Purchase Plan partner, if youd like to buy additional shares. You can purchase up to a combined Plan maximum amount of $125,000 from payroll deductions and direct purchases. If you buy shares directly from Computershare, the 15% company match does not apply. However, if you purchase shares directly from Computershare, you dont pay brokerage fees that normally apply to purchases. The amount Walmart contributes will be shown as income on your check stub and on your W-2 forms at the end of the tax year. Any dividends that you earn on the stock are automatically reinvested in more shares of stock for you.

How to enroll
You can enroll three ways:
1. 2. 3. Enroll from work by going to the WIRE > search for Online Enrollment > login and select I want to save with the Retirement Savings Programs. Enroll from home by going to mywalmart.com > Benefits > My Benefits > My Health > Online Enrollment > I want to save with the Retirement Savings Programs. Print and fill out the enrollment form located on the WIRE at work and give it to your personnel manager. Please return completed forms back to Benefits Customer Service at mail stop 3540.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

Adding someone to your account


You can make someone an equal owner of your stock by adding someone to your account. As an equal owner, they are known as a Joint Tenant, which is different from a Beneficiary. Your Joint Tenant has legal rights equal to yours and the ability to sell shares, receive statements, or obtain account information from Computershare at (800) 438-6278. When an account has a Joint Tenant, any negotiable item on the account has to be signed by each person, whether you are selling shares or receiving a stock certificate. All statements, checks, certificates, or tax reports will be in the name(s) of the associate and Joint Tenant. If you want to add or change the Joint Tenant on your account, you must contact Computershare at (800) 438-6278 to request transfer of ownership paperwork or print the forms online at computershare.com/walmart. Adding or removing a Joint Tenant from your account is a legal contract and will require the completion and certification of legal documents, including the signature of both parties and a medallion signature guarantee.

Who maintains my account?


Computershare is the administrator of the Plan. Computershares responsibilities include providing you with statements about your account activity, such as all buy and sell transactions. If, at any time, you decide that you would prefer to personally hold (or keep) your shares of stock, you may request that a stock certificate(s) be issued to you at no charge from Computershare. Stock certificates are negotiable securities and should be kept in a safe place. Please note that any shares issued in stock certificate form are no longer a part of the Plan. Once the shares are sent to you, the certificate(s) will be tracked and treated as a General Shareholder account. You may at any time, while you remain an associate or maintain a plan account, send your certificate back to Computershare and designate in writing that you would like those shares placed back into the Plan.

Replacing lost or stolen stock certificates


If stock certificates in your possession are lost or stolen, you may request replacement certificates, at a cost, by completing documentation required by Computershare. Special insurance, based on a percentage of the value of the stock certificate, is required to protect you from the loss of those certificates through the mail service. For more information about replacing lost or stolen certificates or any fees that may be incurred for the replacement of a lost certificate, please contact Computershare directly.

Buying additional shares


If you already have an account with Computershare, you can mail your check (payable to Computershare) and the bottom portion of one of your statements to Computershare: Walmart ASPP P.O. Box 43080 Providence, RI 02940-3080 Please write your Social Security number and/or account number on your check. Normally, your purchase will be processed within one business day of the receipt of your check, but may take up to five business days. You can also contact Computershare at (800) 438-6278.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

Statements about your account


Twice a year, associates will receive a comprehensive statement from Computershare showing the activity in your Associate Stock Purchase Plan Account. Statements are sent in January and July of each year. The statement you receive in January will summarize your account activity for the year and will contain important tax information. If you sell stock, you will need your January statements, which show the difference between your stock purchase price and your stock sale price. This will help you calculate your taxes. In addition, each time you sell shares, Computershare will send you a transaction summary report along with your check. If you have elected online e-statements and your e-mail address is current, Computershare will send an electronic notice of the transaction every time you sell shares. In January/February, you will receive a 1099 form reporting any dividend income and/or sale proceeds you received. If you need a copy of a statement from a previous year, contact Computershare or go to computershare.com/walmart to view your statements going back to 2006, or transaction history from any year youve had an account. A $5 charge may apply if you request a printed statement be mailed to you.

Selling your shares


When you want to sell shares, call Computershare at (800) 438-6278 or go to computershare.com/walmart. When you sell your shares, Computershare will send you the sale proceeds, no later than seven to ten business days from the date of your sale. If youve moved recently, make sure Computershare has your correct address. You must also update your address at work by telling your personnel representative. Otherwise, your address will not stay updated at computershare. You have two ways you can sell your stock: Batch orders Market orders

Batch orders

If you select a batch order trade, your shares will not be sold immediately. All shares are grouped together and receive the average price of all shares sold by Computershare in the plan. Generally, if Computershare receives your request to sell shares of stock before 1:00 p.m. CST on a business day when the market is open, your sale transaction will take place on the same day. Batch order sales cost $20 per transaction and $.05 per share. If your request is received on or after 1:00 p.m. CST or if your request is made on a day the stock market is not open, your sale transaction will take place on the next day that the stock market is open.

Market orders

For a market order, your sale will be completed promptly at the market price in effect at that time. If the market is closed when you enter your request, your sale transaction will be processed at the start of the next day that the stock market is open. Your fee is $30 for each sale and $.05 for each share sold.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

Loan program (Line of credit)


If you have $2,000 or more in your Associate Stock Purchase Plan account, you may be able to borrow money with a line of credit backed by your account. This will allow you to get the money you need without having to sell your shares. The U.S. Bank National Association ND (U.S. Bancorp) makes decisions on applications for the line of credit and collects monthly payments. You may be subject to a credit check if you apply. Walmart assumes no liability with respect to any negotiation or transaction entered into by any associate and U.S. Bancorp. For more information or to apply, call (800) 771-2265, extension 9604, from 8:00 a.m. 9:00 p.m. CST Monday through Friday and from 9:00 a.m. 5:00 p.m. CST on Saturdays.

If you leave Walmart


You have several options on what to do with your stock purchase plan account if you leave Walmart. You can: Keep your account open. You wont be able to purchase any additional stock through payroll deductions or receive the Walmart match. However, you can still make purchases directly through Computershare without any brokers fees. There will be a $35 annual maintenance fee on your account. Computershare will automatically sell a part of your stock to cover the fee. Close your account and have all shares sent to you in stock certificates with a check for any partial share. Close your account and sell some or all of your shares. Any remaining shares will be sent to you in stock certificates. Youll also receive a check for sold shares (if any). If you close your account after you receive your final paycheck, you can avoid paying an additional sales transaction charge.

Paying taxes

Keep your sale summaries and year-end statement in a safe place. You can use them to calculate your taxes if you sold stock.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

__________________________ PROSPECTUS This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. 73,994,987 Shares WAL-MART STORES, INC. Common Stock ($.10 par value per share) __________________________ WAL-MART STORES, INC. 2004 ASSOCIATE STOCK PURCHASE PLAN (formerly, the Wal-Mart Stores, Inc. Associate Stock Purchase Plan of 1996) ___________________________ THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. No one is authorized to give any information or to make any representations other than those contained in this Prospectus and, if given or made, you should not rely on them. This Prospectus is not an offer to sell or a solicitation of an offer to buy any of the securities referred to in this prospectus in any state where such an offer or solicitation would be unlawful. Neither the delivery of this Prospectus nor acquisition of securities described in this Prospectus implies that no change in the affairs of the Company have occurred since the date of this Prospectus. Investment in shares of the Common Stock offered hereby involves certain risks. See Stock Ownership; Fees; Risks--Risks on page 5 below. The date of this Prospectus is August 31, 2009

INTRODUCTION AND OVERVIEW

The Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan (the Plan) amended and restated the Wal-Mart Stores, Inc. Associate Stock Purchase Plan of 1996. The Plan was most recently approved by the stockholders of Wal-Mart Stores, Inc. (the Company) on June 4, 2004. Up to 142,624,272 shares of the Companys common stock, par value $.10 per share (the Stock), were available for delivery under the Plan as of June 4, 2004. As of the date of this Prospectus, 73,994,987 shares of Stock remain available. Those shares have been registered with the United States Securities and Exchange Commission for offer and sale on a Registration Statement on Form S-8 (Commission File No. 333-62965). Shares of the Stock are listed for trading on the New York Stock Exchange. Participating associates may be referred to as you in this Prospectus. The Plan has two parts -- the Stock Purchase Program and the Outstanding Performance Award Program. The Stock Purchase Program gives eligible associates an opportunity to share in Company ownership by allowing them to purchase Stock by payroll deduction. In addition, if they make or have made purchases through such payroll deductions under the Plan, they may also purchase Stock by making voluntarily contributions to the Plan out of their own funds. Under the Outstanding Performance Award Program, the Company may reward associates for exceptional job performance by awarding shares of Stock to them. The Company believes that the Plan is not subject to any provisions of the Employee Retirement Income Security Act of 1974, as amended. The Plan is not qualified under Section 401(a) or 423 of the Internal Revenue Code of 1986, as amended.

PLAN ADMINISTRATION; ACCOUNT MANAGEMENT

The Plan provides that the Equity Compensation Committee (Committee), consisting of members of the Companys Board of Directors, has the overall authority for administering the Plan. The Committee may delegate (and revoke the delegation of ) some or all aspects of Plan administration to the officers or managers of the Company or an affiliate or to others, subject to terms as it deems appropriate. The members of the Committee are selected by the Companys Board of Directors. The Board of Directors may remove a member from the Committee at its discretion, and a member will cease to be a Committee member if he or she ceases to be a director of the Company for any reason. At the date of this prospectus, the members of the Committee were Mr. Michael T. Duke, the President and Chief Executive Officer of the Company; Mr. Gregory B. Penner, a director of the Company; Mr. H. Lee Scott, Jr., the Chairman of the Executive Committee of the Companys Board of Directors; and Mr. S. Robson Walton, the Chairman of the Board of Directors of the Company. Mr. Walton is also a managing member of Walton Enterprises LLC, which, at the date of this prospectus, owned in excess of 42% of the outstanding shares of the Stock. The Committee has selected a third-party administrator, currently Computershare Trust Company, N.A., (Computershare), to maintain accounts under the Plan. Computershare also serves as the Companys stock transfer agent and provides other stock-related services to the Company and its shareholders.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

The Committee, as administrator of the Plan, or its delegate must follow the terms of the Plan, but otherwise has full power and discretion to administer the Plan, including but not limited to, the power to: determine when, to whom and in what types and amounts contributions should be made; make contributions to eligible associates in any number and to determine the terms and conditions applicable to each such contribution; set a minimum and maximum dollar, share or other limitation on the various contributions permitted under the Plan; determine whether an affiliate should become (or cease to be) a Participating Employer (as defined below); determine whether (and which) associates of non-U.S. Participating Employers should be eligible to participate in the Plan; make all determinations deemed necessary or advisable for the administration of the Plan; establish, amend and revoke rules and regulations for the administration of the Plan; and exercise any powers, to perform any acts and to make any determinations it deems necessary or advisable to administer the Plan. All decisions made by the Committee under the Plan are final and binding on all persons, including the Company and its affiliates, any associate, any person claiming any rights under the Plan from or through any participant, and shareholders of the Company. The members of the Committee do not act as the trustees of the participants or hold the Stock credited to the participants Plan accounts in trust for the benefit of the participants.

PLAN PARTICIPATION AND ELIGIBILITY

If you are eligible, you can become a participant in the Plan by completing a paper enrollment form or enrolling on-line (where available) to authorize payroll deductions to be taken from your regular compensation and contributed to the Plan for the purchase of Stock to be held in your Plan account. You can also become a participant in the Plan if the Committee grants you an award of Stock under the Outstanding Performance Award Program. All associates of the Company and approved affiliates of the Company (Participating Employers) are eligible to participate in the Plan, except If you are restricted or prohibited from participating in the Plan under the law of your state or country of residence, you may not participate in the Plan or your participation in the Plan may be limited. You must have attained the age of majority in your state of residence or employment to participate. It is your responsibility to ensure you are of sufficient age to participate. The Company may terminate your participation if it discovers you are not of sufficient age. If you are a member of a collective bargaining unit whose benefits were the subject of good faith collective bargaining, you are excluded from participation in the Plan, unless your bargaining agreement requires participation. If your employer is a non-U.S. affiliate, you may participate only if you are an approved associate (listed by category or by individual). If you are an officer, including those subject to subsection 16(a) of the Securities Exchange Act of 1934, or otherwise subject to the Companys Insider Trading Policy, your ability to acquire or sell shares of Stock may be restricted. If you are on a bona fide leave of absence from the Company or a Participating Employer, you will continue to be eligible to make contributions to the Plan during your leave of absence, but you will not be eligible for Company matching contributions during that time. If you are on a military leave of absence, please contact the Retirement and Savings Plans Department to see whether you are eligible to receive Company matching contributions during your leave. Please note that you must make contributions from your own funds if you are not receiving a paycheck while you are on a leave of absence, as payroll deduction would not be available as an option. Any other circumstances which would permit you to continue to participate in the Plan while on a leave must be approved by the Committee.

PLAN CONTRIBUTIONS - STOCK PURCHASE PROGRAM

To make payroll deduction contributions, you need to either complete the enrollment form provided by your employer or enroll on-line at www.mywalmart.com (where available). Once you have properly enrolled in the Plan, your payroll deduction contributions will continue as long as you are employed by the Company or a Participating Employer unless you change or terminate your payroll deduction authorization or the Plan itself is terminated. Please note that no deduction will be drawn from any paycheck in which your payroll deduction contribution exceeds your net pay after taxes are withheld. You can change or terminate your payroll deduction authorization by notifying your employer in writing or on-line at www.mywalmart.com. Your request will be processed as soon as practicable. Your request may be delayed or rejected if your requested change is prohibited at the time of request by any Company policy, including the Companys Insider Trading Policy. Note that payroll deduction contributions are generally taken from your last paycheck. If you do not want to have payroll deduction contributions taken from your last paycheck, it is important that you timely terminate your payroll deduction authorization either by paper form or on-line. If you work in a state that requires your last paycheck to be paid outside of the normal payroll cycle, payroll deduction contributions will not be taken out of your last paycheck. Payroll deductions can be as little as $2 or as much as $1,000 per bi-weekly payroll period (in whole dollars). Payroll deductions for associates paid on a weekly basis can be as little as $1 or as much as $500 per weekly payroll period. The amount of any bi-weekly or weekly deduction in excess of the minimum must be in multiples of $0.50. Your employer will make a matching cash contribution on your behalf when you make contributions to the Plan by payroll deduction. The matching contribution is currently 15% of the first $1,800 you contribute to the Plan by payroll deduction, or up to $270 per Plan year. The match is used to buy Stock for your Plan account. If you participate or have participated in payroll deductions under the Plan and your Plan account has not been closed as described below, you can also voluntarily contribute cash (in U.S. dollars) from your other resources to fund the purchase of Stock under the Plan to be held in your Plan account. Any voluntary contributions must be made directly to Computershare. Instructions for making such voluntary contributions are available from Computershare. Your employer will not make matching contributions on amounts you contribute directly to Computershare. In addition, you may also deposit Stock that you hold outside of the Plan to your Plan account by making arrangements directly with Computershare. The total of your payroll deductions and voluntary cash contributions cannot exceed $125,000 per Plan year (April 1 through March 31). The Committee establishes and may change the maximum and minimum contributions, may change the conditions for voluntary cash or Stock contributions, and may change the amount of the matching contributions of an employer at any time.

OUTSTANDING PERFORMANCE AWARD PROGRAM

Under the Outstanding Performance Award component, you can be granted an award of Stock for demonstrating consistently outstanding performance in your job over the period of a month, a quarter, or a year. The Committee approves all Outstanding Performance Awards, and sets maximum dollar limitations on these awards from time to time. Your Stock under the Outstanding Performance Award component will be given to you through an account maintained for your benefit by Computershare.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

STOCK PURCHASES

Your employer will send all of payroll deductions along with any matching contributions to Computershare as soon as practicable following each pay period. Computershare will purchase Stock for your Plan account no later than five business days after it receives the funds. If you make a voluntary cash contribution outside of payroll deductions, Computershare will purchase your Stock with that voluntary cash contribution no later than five business days after it receives the funds. Computershare may purchase Stock for the Plan accounts on a national stock exchange, from the Company, or from a combination of these places. However, the Committee reserves the right to direct Computershare to purchase from a particular source, consistent with applicable securities rules and the applicable rules of any national stock exchange. Typically, when Computershare purchases Stock for the Plan on a national stock exchange, the shares are purchased as part of a bundled group rather than individually for each participant. In some instances, the shares of Stock for a bundled group must be purchased for the Plan over more than one day. When shares of Stock are purchased for you as part of a bundled group, your purchase price for each share of Stock will be equal to the average price of all shares of Stock purchased for that group as determined by Computershare. If Computershare buys shares of Stock from the Company, whether authorized but unissued shares or treasury shares, the per-share price will be equal to the Volume Weighted Average Price (VWAP) as reported on the New York Stock Exchange - Composite Transactions on the date of purchase. The VWAP is the weighted average of all trades of the Companys Stock for a day. While the Plan permits the Committee to designate another methodology for valuing Stock purchased from the Company, as of the date of this Prospectus no other methodology has been designated. The number of shares allocated to your Plan account in connection with any purchase of Stock will equal the total amount of the contributions available for your Plan account and used to fund such purchases divided by the purchase price for each share of Stock attributable to those purchases as discussed above. Non-U.S. Participants Please Note: All amounts contributed to the Plan by payroll deduction, all matching contributions, and any contributions made pursuant to the Outstanding Performance Award component will be converted from your local currency to U.S. dollars prior to the time the shares of Stock are purchased. The exchange rate will be set as of a date as soon as practicable prior to the date the cash is sent to Computershare. Generally, the exchange rate for the business day immediately prior to the day the funds are sent to Computershare is used, but that may not be practicable in all circumstances. All voluntary cash contributions must be converted to U.S. dollars before being sent to Computershare to purchase shares of stock.

STOCK OWNERSHIP; FEES; RISKS

Stock Ownership. From the time that shares of Stock are credited to your Plan account, you will have full ownership of the shares (including any fractional shares) of Stock. The Stock held in your Plan account will be registered in Computershares name until you request to have your Stock certificates delivered to you from the Plan account or you sell the shares credited to your Plan account. You may not assign or transfer any interest in the Plan before shares are credited to your account. However, you may sell, transfer, assign, or otherwise deal with your shares of Stock credited to your Plan account once they are credited to your Plan account, just like any other stockholder of the Company. There is no automatic lien or security interest on the shares of Stock held in your Plan account. However, if you pledge the Stock as collateral in connection with the Companys Stock Secured Line of Credit Program, the lender will have a security interest in the shares of Stock held in your Plan account. Dividends; Voting. Dividends on shares in your account will be automatically reinvested in additional shares of Stock. You will be able to direct the vote on each full share of Stock held in your Plan account, but not fractional shares. You will receive at no cost and as promptly as practicable (by mail or otherwise) all notices of meetings, proxy statements and other materials distributed by the Company to its stockholders. To vote the shares of Stock held in your Plan account, you must timely deliver signed voting instructions, also known as proxy instructions. Otherwise, your shares of Stock may be voted in the manner recommended by the Company in its proxy statement or as directed by the Committee, provided that doing so would comply with applicable law and any applicable listing standard of a national stock exchange. Fees, Account Statements. The Company pays all fees associated with the purchase of Stock. Generally, no maintenance fees or other charges will be assessed to your Plan account as long as you are employed by the Company or one of its affiliates (even if that affiliate is not a Participating Employer). However, you must pay any commissions or charges resulting from other Computershare services you request, for example brokerage commissions and other fees applicable to the sale of Stock. Computershare can tell you if a particular request would cause you to incur a charge. At least annually, you will receive a statement of your account under the Plan, reflecting all activity with respect to your Plan account for the period of time covered by the statement. You may also access information regarding your account at any time by logging onto www.computershare.com/walmart or www.mywalmart.com. Risks. Many of your risks of Plan participation are the same as those of any other stockholder of the Company in that you assume the risk that the value of the Stock may increase or decrease. There are no guarantees as to the value of a share of Stock. This means that you assume the risk of fluctuations in the value or market price of the Stock. Our latest Annual Report on Form 10-K filed with the SEC and, as noted below, incorporated by reference in this prospectus discusses, and other of our reports filed with the SEC may discuss, certain risks relating to the Company, its operations and financial performance that can affect the value and market price of the Stock. The Company urges you to review those discussions in connection with any determination to participate in the Plan, to change the terms of your participation in the Plan, to terminate your participation in the Plan or to make any voluntary contributions under the Plan. If you are a non-U.S. participant, you also assume the risk of fluctuation in currency exchange rates. Also, until Stock is purchased for you, your payroll deductions (as well as the corresponding matching contributions) are considered general assets of the Company or the Participating Employer and, as such, are subject to the claims of the Companys or Participating Employers creditors. No interest will be paid on any contributions to the Plan.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

STOCK CERTIFICATE DELIVERY AND STOCK SALES

Computershare will send you, on request, a stock certificate for any or all full shares of Stock held in your Plan account at no cost to you. You may request that Computershare sell all or a portion of the shares of Stock (including any fractional interests) held in your Plan account at any time whether or not you want to close your Plan account. You will be charged a brokerage commission, as well as any other applicable fees, if for any reason you have Computershare sell shares of Stock held in your Plan account. Any brokerage commission or fees will be at the rates posted by Computershare from time to time. These rates are available upon request from Computershare. The Plan offers a choice of methods by which to sell your Stock -- by market order or batch order. If you choose to sell your Stock under the market order method, your Stock will be sold as soon as your request can reasonably be processed at the market price in effect at that time. If the market is closed when you enter the request, your sale transaction will be processed at the start of the next day that the stock market is open. If you choose to sell your Stock under the batch order method, your Stock will not be sold immediately as described above. Generally, if Computershare receives your request to sell shares of Stock before 1:00 p.m. Central Time on a business day, your sale transaction will take place on the same day. If your request is received on or after 1:00 p.m. Central Time or if your request is made on a day the stock market is not open, your sale transaction will take place on the next day that the stock market is open. The sale price for a share of Stock sold in this manner will be the average price of all shares of Stock sold by Computershare on the date of your sale transaction. The Stock will be traded in U.S. dollars. If you are employed outside the U.S. by a Participating Employer and if provided by Computershare for your country, the proceeds from the sale may be converted for a fee to another currency if you request it when you request your Stock to be sold. If the proceeds are converted to another currency, the exchange rate that will be used is the following business days market rate on the date your sale transaction is executed. You will assume the risk of any fluctuations in currency exchange rates.

TERMINATION OF PARTICIPATION; ACCOUNT CLOSURE

Once you become a Participant in the Plan, you will remain a Participant until you elect to close your Plan account and all Stock and sale proceeds credited to it have been distributed out of your Plan account or until all Stock and sale proceeds have been distributed from your Plan account after your employment with the Company or one of its affiliates has terminated. If you terminate your payroll deduction authorization or your employment with the Company and all its affiliates has terminated, you may choose to continue your Plan account or you may close your Plan account, as you specify to Computershare. Specifically:

You may keep your Plan account open (without the weekly or bi-weekly payroll deduction and your employers matching contributions). If you keep your account open, you may continue to make voluntary cash contributions and no brokerage commissions will be charged on the purchase of Stock. If you cease to be employed by the Company or one of its affiliates, an annual maintenance fee will be charged to your account in the first quarter of each calendar year and will be paid by means of the sale of an appropriate portion of a share of Stock. (If you are transferred to a Company affiliate that is not a Participating Employer, the Company may continue to pay the maintenance fee for you.) If you own at least one full share of Stock, you may close your Plan account by moving your Stock into a General Shareholder account maintained on your behalf by Computershare. You may accomplish this move either by receiving all full shares in certificate form with a check for any partial share ownership and re-depositing them in the General Shareholder account, or Computershare can move the shares electronically at your request. You should contact Computershare for more information about the fees associated with a General Shareholder account. You may close your Plan account by having all shares of Stock in your account sold and the proceeds paid to you, or you can have certificates for full shares (and cash proceeds of fractional shares) delivered to you instead. The proceeds of any sale of full or fractional shares will be net of brokerage commissions, sales fees and other applicable charges. Your account will be closed automatically if you have a termination of employment and there are no shares or fractional shares in your account.

If you die before your Plan account has been closed, your Plan account will be distributed per the legal documentation submitted to Computershare or to your estate, unless you had previously arranged with Computershare to have your stock held in a joint account. In the event you have a joint account, the joint account holder may either make arrangements with Computershare to move your shares into a General Shareholder account maintained by Computershare at his or her own expense or to have the Stock (or proceeds from the sale thereof ) distributed, less any applicable fees or commissions. To add or remove a joint tenant to or from your account, call Computershare at (800) 438-6278.

PLAN AMENDMENT AND TERMINATION

The Plan has no set expiration date. The Board of Directors of the Company (or a committee designated by the Board) may amend or terminate the Plan at any time. However, if stockholder approval of an amendment is required under law or the applicable rules of a national stock exchange, the amendment will be subject to that approval. No amendment or termination of the Plan will cause you to forfeit (1) any funds you have contributed to the Plan that have not yet been used to purchase Stock; (2) any shares (or fractional interests) of Stock in your Plan account; or (3) any dividends or distributions declared with respect to Stock after you have made a contribution to the Plan but before the effective date of the amendment or termination.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

TAX INFORMATION

The following summary of the U. S. income tax consequences of the Plan is based on the Internal Revenue Code and any regulations thereunder as in effect as of the date of this Prospectus. The summary does not cover any state or local income taxes or taxes in jurisdictions other than the United States. You should consult your tax advisor with respect to individual tax consequences before purchasing Stock under the Plan. Stock Purchases Under the Stock Purchase Program. You have no federal income tax consequences when you enroll in the Plan or when Stock is purchased for you under the Stock Purchase Program either by payroll deduction or voluntary contribution. The amount of your payroll deductions and any voluntarily contributions under the Plan are not deductible for purposes of determining your federal taxable income. The amount of your wages that you have deducted under the Plan and the full value of Company matching contributions are ordinary income to you in the calendar year of deduction or the contribution, as the case may be, and will be reported on your pay stub and your W-2. The Company deducts all applicable wage withholding and other required taxes from your other compensation (by increasing your payroll deduction for such purposes) with respect to the amount of your wages deducted under the Plan and the matching contributions to your Plan account, if any. The Company is entitled to a tax deduction for the amount of the matching contribution in the same year as you recognize the income. Outstanding Performance Awards Under the Outstanding Performance Award Program. Stock grants under the Outstanding Performance Award Program are taxable as ordinary income in the calendar year of the award, regardless of whether the Stock certificates are given directly to you or the Stock is awarded to your Plan account. Your ordinary income will be the market value of a share of Stock on the date the award is granted, times the number of shares of Stock granted. The market value of any Stock awarded will be reported to you on your W-2. The Company will deduct applicable wage withholding and other required taxes from your other compensation (by increasing your payroll deduction for such purposes). The Company is entitled to a tax deduction in the same amount and in the same year as you recognize the ordinary income. Stock Sales or Certificate Distributions. You will not recognize any taxable income when you request to have certificates delivered to you for some or all of the Stock held in your Plan account. However, when you sell or otherwise dispose of your Stock - whether through Computershare or later after you have received your Stock certificates - the difference between the fair market value of the Stock at the time of sale and the fair market value of the Stock on the date you acquired it will be taxed as a capital gain or loss. The holding period to determine whether the capital gain or loss is long-term or short-term will begin running on the date you acquire the Stock. The Company will have no deduction as a result of your disposition of the Stock.

AVAILABLE INFORMATION

To obtain additional information about the Plan or its administrators, please call the Health and Financial Benefits Department at 1-800-421-1362. You can also write to the Health and Financial Benefits Department at Wal-Mart Stores, Inc., 922 W. Walnut, Suite A, Rogers, Arkansas, 72756-3540. Computershare may be contacted by calling (800) 438-6278 (1 800 GET MART), online at www.computershare.com/walmart, or by writing to Computershare, Attn: Wal-Mart ASPP, P.O. Box 43080, Providence, RI 02940-3080, for all correspondence, including transactions, stock certificates request, stock powers, voluntary purchases, and any customer service inquiries.

DOCUMENTS INCORPORATED BY REFERENCE

The following documents filed by the Company with the Securities and Exchange Commission (the Commission) (File No. 1-6991) are hereby incorporated by reference in and made a part of this prospectus:

The Companys Annual Report on Form 10-K for the fiscal year ended January 31, 2009; The Companys Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2009; The Companys Current Reports on Form 8-K filed with the Commission on February 5, 2009, March 9, 2009, March 26, 2009, May 14, 2009 (which contains disclosure under Item 8.01 of Form 8-K), May 20, 2009 and July 24, 2009; The Companys definitive Proxy Statement for the 2009 Annual Shareholders Meeting, filed with the Commission on April 20, 2009; and

The Companys Registration Statement on Form 8-A containing a description of Companys common stock, $0.10 par value per share. All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the Exchange Act) on or after the date of this prospectus shall be deemed to be incorporated by reference in this prospectus and to be a part hereof from the date of filing of such documents, except for information furnished to the Commission that is not deemed to be filed for purposes of the Exchange Act (such documents, and the documents listed above, being hereinafter referred to as Incorporated Documents). Any statement contained in an Incorporated Document shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained herein or in any other subsequently filed Incorporated Document modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus. These documents and the Companys latest Annual Report to Stockholders are available to you without charge upon written or oral request. Please direct your requests for documents to: Wal-Mart Stores, Inc., Health and Financial Benefits, 922 W. Walnut, Suite A, Rogers, Arkansas, 72756-3540, whose telephone number is (800) 421-1362.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.

Associate Stock Purchase Plan Contacts


Computershare
Customer Service . . . . . . . . . . . . . . . . . . . . . (800) 438-6278 Representatives available from 8 a.m. 6 p.m. CST Monday - Friday Hearing impaired line - available 8:00 a.m. 4:00 p.m. CST Monday - Friday Inside U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (800) 952-9245 Outside U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . (781) 575-4592 Mail correspondence to: Computershare Attn: Walmart ASPP P.O. Box 43080 Providence, RI 02940-3080 Overnight packages to: Computershare Attn: Walmart Service Team 250 Royall Street Canton, MA 02021 Online account access at: computershare.com/walmart To open new accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(800) 771-2265, extension 9604 Existing account holders . . . . . . . . . . . . . . . . . . . . . . . . . . .(888) 852-5786 Available 8:00 a.m. 9:00 p.m. CST Monday - Friday Available 9:00 a.m. 5:00 p.m. CST Saturday

U.S. Bancorp

Disclosure The value of any stock you purchase can fluctuate and may decline. This is true of stock in any company, including Walmart. There is no way to guarantee that your stock will have the same value in the future that it had when you made your purchase. When making a decision about purchasing Walmart stock, consider all your investments, including other Walmart stock you may own. For investment questions, consult a financial advisor. 10

2009 Wal-Mart Stores, Inc.

Enroll today! Go to mywalmart.com or the WIRE and start a benefits enrollment session.